Norwood Financial (NASDAQ: NWFL) director receives 45-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gifford Jeffrey S reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Jeffrey S. Gifford reported a routine equity compensation grant. He received 45 shares of common stock as a grant at $30.20 per share, described as Director Retainer Shares issued under the 2024 Equity Incentive Plan. Following this award, his directly held common stock position is 26,682 shares, with additional indirect holdings through restricted stock, IRA and family accounts. Footnotes state that related awards vest in scheduled annual installments beginning on specified December dates, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Gifford Jeffrey S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45 | $30.20 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,682 shares (Direct, null);
Common Stock — 76,082 shares (Indirect, Spouse)
Footnotes (1)
- Director Retainer Shares issued under the 2024 Equity Incentive Plan. Award vests in five equal installments beginning on December 14, 2022 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable. Award vests in five equal installments beginning on December 13, 2023 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable. Award vests in five equal installments beginning on December 12, 2024 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable. Award vests in three equal installments beginning on December 15 , 2025 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable. Award vests in three equal installments beginning on December 15, 2026 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
Key Figures
Director grant size: 45 shares
Grant price: $30.20 per share
Direct holdings after grant: 26,682 shares
+5 more
8 metrics
Director grant size
45 shares
Common Stock grant to Jeffrey S. Gifford
Grant price
$30.20 per share
Price for 45-share common stock award
Direct holdings after grant
26,682 shares
Common Stock directly held post-transaction
Spouse holdings
76,082 shares
Indirect ownership via spouse
IRA holdings
35,746 shares
Indirect ownership via IRA
Spouse IRA holdings
6,920 shares
Indirect ownership via spouse IRA
Custodian Ryan Lockwood
2,487 shares
Indirect ownership by custodian Ryan Lockwood
Custodian Abigail Lockwood
2,487 shares
Indirect ownership by custodian Abigail Lockwood
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, IRA, +1 more
5 terms
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
Restricted Stock financial
"nature_of_ownership: Restricted Stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
IRA financial
"nature_of_ownership: IRA and Spouse IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did NWFL director Jeffrey S. Gifford report?
Jeffrey S. Gifford reported receiving 45 shares of Norwood Financial common stock as a grant at $30.20 per share. The award is director retainer equity issued under the 2024 Equity Incentive Plan as part of his board compensation.
How do the vesting terms work for Jeffrey S. Gifford’s NWFL equity awards?
Footnotes explain that certain awards vest in equal installments beginning on specific December dates in 2022, 2023, 2024, 2025, and 2026. Vesting continues annually, provided Gifford maintains service as an employee, outside director, or director emeritus during those periods.